Solution:
Let the number of boys beSum of money received by each boy
Here, the number of boys becomes
Sum of money received by each boy
The sum of money received by each boy (where the number of boys is
Therefore, we get the equation
Simplifying by cross multiplication, we get
Multiplying
Subtracting
Rewriting the equation, we get
Sum of money received by each boy
The sum of money received by each boy (where the number of boys is
Therefore, we get the equation
Simplifying by cross multiplication, we get
Multiplying
Subtracting
Dividing both sides by 3 and rewriting the equation, we get
Subtracting equation
Adding and subtracting the like terms, we get
Dividing both sides by 5, we get
Substituting
Subtracting
Thus, the number of boys is 40.
Substituting
So, option 2 is correct.